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BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its employee, and FICA
Medicare taxes are 1.45% of gross pay, For BMX, Its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid
to its employee.
of 3
Gross Pay through
August 31
$ 6,400
2,000
131,400
Gross Pay for
September
$ 800
2,100
8,000
b.
C.

Respuesta :

abiolataiwo2015

BMX’s amounts for the taxes for September is:FICA - Social Security $49.60; FICA - Medicare $11.60; FUTA  $3.60; SUTA $32.40.

BMX’s amounts for each of the four taxes

a. FICA - Social Security  = $800 x 6.2% = $49.60

FICA - Medicare  = $800 x 1.45% = $11.60

FUTA  =$600 x 0.6% = $3.60

($7,000 - $6,400=$600)

SUTA = $600 x 5.4% = $32.40

($7,000 - $6,400=$600)

b. FICA - Social Security  = $2,100 x 6.2% = $130.20

FICA - Medicare  = $2,100 x 1.45% = $30.45

FUTA  = $2,100 x 0.6% = $12.60

SUTA = $2,100  x 5.4% = $113.40

c. FICA - Social Security =$6,300 x 6.2% =$390.60

($137,700 - $131,400)

FICA - Medicare =$8,000 x 1.45% =$116.00

FUTA  =$0 x 0.6% =$0

SUTA = $0 x 5.4%=$0

Inconclusion the BMX’s amounts for the taxes for September is:FICA - Social Security $49.60; FICA - Medicare $11.60; FUTA  $3.60; SUTA $32.40.

Learn more about BMX’s amounts here:https://brainly.com/question/17016763